Generali Investments Management Co LLC Has $6.05 Million Stock Holdings in The Coca-Cola Company (NYSE:KO)

Generali Investments Management Co LLC raised its stake in The Coca-Cola Company (NYSE:KO) by 9.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 84,430 shares of the company’s stock after buying an additional 7,193 shares during the quarter. Coca-Cola accounts for about 1.7% of Generali Investments Management Co LLC’s portfolio, making the stock its 11th largest position. Generali Investments Management Co LLC’s holdings in Coca-Cola were worth $6,047,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Peachtree Investment Partners LLC raised its holdings in shares of Coca-Cola by 1.4% in the fourth quarter. Peachtree Investment Partners LLC now owns 11,189 shares of the company’s stock valued at $697,000 after buying an additional 157 shares during the last quarter. Fort Sheridan Advisors LLC grew its position in Coca-Cola by 3.3% during the fourth quarter. Fort Sheridan Advisors LLC now owns 4,993 shares of the company’s stock worth $311,000 after buying an additional 161 shares during the period. Excalibur Management Corp increased its stake in shares of Coca-Cola by 0.6% during the 4th quarter. Excalibur Management Corp now owns 29,412 shares of the company’s stock worth $1,831,000 after purchasing an additional 161 shares in the last quarter. Tradition Wealth Management LLC increased its stake in shares of Coca-Cola by 3.0% during the 4th quarter. Tradition Wealth Management LLC now owns 5,737 shares of the company’s stock worth $357,000 after purchasing an additional 167 shares in the last quarter. Finally, Aviance Capital Partners LLC boosted its position in Coca-Cola by 0.7% during the fourth quarter. Aviance Capital Partners LLC now owns 23,988 shares of the company’s stock worth $1,493,000 after acquiring an additional 171 shares during the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

Coca-Cola Price Performance

Shares of NYSE KO opened at $70.89 on Friday. The Coca-Cola Company has a twelve month low of $60.62 and a twelve month high of $74.38. The firm has a fifty day simple moving average of $71.40 and a 200 day simple moving average of $67.51. The company has a market capitalization of $305.11 billion, a PE ratio of 28.70, a P/E/G ratio of 3.79 and a beta of 0.46. The company has a quick ratio of 0.84, a current ratio of 1.03 and a debt-to-equity ratio of 1.61.

Coca-Cola (NYSE:KO) last announced its earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.02. The business had revenue of $11.13 billion during the quarter, compared to the consensus estimate of $11.23 billion. Coca-Cola had a net margin of 22.59% and a return on equity of 45.37%. Coca-Cola’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter last year, the firm earned $0.72 earnings per share. On average, sell-side analysts forecast that The Coca-Cola Company will post 2.96 EPS for the current year.

Coca-Cola Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date is Friday, June 13th. Coca-Cola’s payout ratio is currently 81.60%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on KO. JPMorgan Chase & Co. upped their target price on Coca-Cola from $74.00 to $78.00 and gave the stock an “overweight” rating in a research report on Monday, April 21st. Piper Sandler increased their price objective on Coca-Cola from $73.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Evercore ISI increased their price target on Coca-Cola from $72.00 to $75.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Morgan Stanley increased their price objective on Coca-Cola from $76.00 to $78.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Finally, Cfra Research upgraded Coca-Cola to a “strong-buy” rating in a report on Tuesday, April 15th. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $75.81.

Insider Activity at Coca-Cola

In other news, CFO John Murphy sold 88,658 shares of the firm’s stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $72.09, for a total transaction of $6,391,355.22. Following the sale, the chief financial officer now owns 205,511 shares of the company’s stock, valued at $14,815,287.99. This trade represents a 30.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO James Quincey sold 266,403 shares of the stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $72.06, for a total transaction of $19,197,000.18. Following the completion of the transaction, the chief executive officer now owns 275,946 shares in the company, valued at $19,884,668.76. This trade represents a 49.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 440,664 shares of company stock valued at $31,730,532 over the last ninety days. Corporate insiders own 0.97% of the company’s stock.

Coca-Cola Company Profile

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.